v3.25.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2025
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of changes in the carrying amounts of goodwill by reportable segment

Water

Water

    

Infrastructure

    

Services

    

Total

(in thousands)

Balance as of December 31, 2024

$

16,777

$

1,438

$

18,215

Additions

Balance as of March 31, 2025

$

16,777

$

1,438

$

18,215

Summary of components of other intangible assets

As of March 31, 2025

As of December 31, 2024

    

Gross

    

Accumulated

    

Net

    

Gross

Accumulated

    

Net

Value

Amortization

Value

Value

Amortization

Value

(in thousands)

(in thousands)

Definite-lived

Customer relationships

$

187,706

$

(80,498)

$

107,208

$

187,706

$

(76,638)

$

111,068

Patents and other intellectual property

14,272

(8,905)

5,367

14,272

(8,521)

5,751

Water rights

1,750

(269)

1,481

 

3,125

 

(1,510)

 

1,615

Total definite-lived

203,728

(89,672)

114,056

205,103

(86,669)

118,434

Indefinite-lived

Water rights

5,281

5,281

5,281

5,281

Total indefinite-lived

5,281

5,281

5,281

5,281

Total other intangible assets, net

$

209,009

$

(89,672)

$

119,337

$

210,384

$

(86,669)

$

123,715

Summary of future estimated amortization expense for other intangible assets

    

Amount

(in thousands)

Remainder of 2025

$

13,133

2026

 

17,424

2027

 

16,922

2028

 

14,655

2029

 

14,114

Thereafter

37,808

Total

$

114,056